Welcome to our dedicated page for Gravity news (Ticker: GRVY), a resource for investors and traders seeking the latest updates and insights on Gravity stock.
GRAVITY Co., Ltd. reports company developments for a South Korea-based developer and publisher of online and mobile games. News commonly centers on the Ragnarok Online intellectual property, including MMORPG mobile and PC releases such as Ragnarok Origin Classic, Ragnarok X: Next Generation, Ragnarok: Rebirth, Ragnarok: Twilight and Ragnarok: The New World across Asian, European, Middle Eastern and other regional markets.
Company updates also cover unaudited quarterly results, annual reporting, revenue trends in online games and mobile games, and business updates tied to wholly owned publishing subsidiaries such as GRAVITY Game Vision and GRAVITY Game Hub.
Gravity Co., Ltd. (NASDAQ: GRVY) has officially launched Ragnarok V: Returns in the Oceanic region at 12:00 p.m. on May 25th. This multi-platform 3D MMORPG allows users to experience fast character growth through various launch events planned for one month.
The game, a sequel to Ragnarok: Valkyrie Uprising, has already attracted over five million global players and supports cross-play on iOS, Android, and PC. Positive feedback from beta testing highlights improved gameplay balance and nostalgia.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) reported its first-quarter financial results for 2022, showing total revenues of KRW 88,607 million (US$ 73,135 thousand), an 8.3% decrease QoQ and 15.7% YoY. Operating profit increased to KRW 22,316 million (US$ 18,419 thousand), up 138.2% QoQ yet down 20.2% YoY. Net profit attributable to the parent company reached KRW 16,431 million (US$ 13,562 thousand), marking an impressive 1,198.9% increase QoQ but a decrease of 30.3% YoY. The company also detailed upcoming game launches and updates related to the Ragnarok franchise.
GRAVITY Co., Ltd. (GRVY) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. The report reveals consolidated revenue of KRW 413,938 million, an operating profit of KRW 96,719 million, and a net profit of KRW 65,947 million. This reflects a year-over-year revenue growth of 2.0%, an operating profit increase of 9.5%, and a net profit rise of 5.2% compared to 2020. Shareholders can request a hard copy of the report free of charge.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced that its game Ragnarok Labyrinth NFT surpassed 1 million downloads in Southeast Asia on the first day of its re-opening on April 27, 2022. This innovative title, developed in partnership with ONBUFF Inc., utilizes a Play-to-Earn (P2E) system and NFT elements. The game achieved notable rankings, placing second in Apple App Store's top grossing in Thailand and third in the Philippines, while also securing the top spot for new free games on Google Play in the Philippines. The event showcases the strong popularity of the Ragnarok IP in the region.
PSY, the iconic singer known for 'Gangnam Style', has returned as the ambassador for Gravity's mobile game, Ragnarok Origin. He has starred in commercials and unveiled plans to release a new song, his first in five years. To celebrate, Gravity will host community events and rewards. Recently, Ragnarok Origin launched a significant update that includes a new class, increased level cap to lvl90, new dungeons, and various events aimed at enhancing player engagement.
Gravity Co., Ltd. (NasdaqGM: GRVY) announced the re-opening of Ragnarok Labyrinth NFT on April 27, 2022, following improvements after initial login delays. The game, integrating a play-to-earn system, was launched in Southeast Asia on April 13 with over 1.1 million pre-registered accounts. To address user access issues, Gravity Game Link increased server capacity. The re-launch will offer pre-registration rewards and additional in-game items to attract users back after the upgrade.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced that its new game, Ragnarok Labyrinth NFT, has achieved over 1 million pre-registrations in Southeast Asia within just 22 days. The game, launching on April 13, 2022, incorporates a play-to-earn (P2E) system and is based on the popular The Labyrinth of Ragnarok. Players can pre-install the game on Google Play and will have access on the Apple App Store starting April 11, 2022. To celebrate the milestone, GRAVITY is offering rewards, including ONBUFF points and in-game currency, to incentivize further pre-registrations.
Gravity Co., Ltd. (NASDAQ: GRVY) will commence the second Closed Beta Test (CBT) for its new MMORPG, Ragnarok V: Returns, in Oceania starting April 6 and ending April 12. The CBT will be available on both mobile and PC platforms, marking the last testing phase before the game's official launch. Updates based on feedback from the first CBT have been implemented. Additionally, users can participate in promotional events during this period.
Gravity Co. is set to open pre-registration for its multi-platform MMORPG, Ragnarok V: Returns, starting March 16 in the Oceanian region. This follow-up to Ragnarok: Valkyrie Uprising, which attracted over five million players, promises a unique gameplay experience with special quests and aesthetic appeal. Pre-registration can be completed via the dedicated page or on the Google Play Store and Apple App Store. Milestone rewards will be based on the number of pre-registrations, including various in-game items.
GRAVITY Co., Ltd. (NasdaqGM: GRVY) has launched its flagship game, Ragnarok Online, in the Philippines, Singapore, and Malaysia on February 23, 2022. Celebrating its 20th anniversary, the game is now available in 91 markets. The company’s subsidiary, Gravity Game Hub PTE., Ltd., is managing the direct publishing, featuring events such as pre-registration bonuses. The launch aims to enhance the game's reach in Southeast Asia, reinforcing Gravity's role in the online gaming industry.